There wasgoed no upside pauze te bitcoin price above the USD 9,500 resistance, resulting te a downside reaction. The market sentiment wasgoed succesnummer hard after Upbit, on of South Korea’s largest cryptocurrency exchanges, wasgoed investigated by lugar police with charges of fake balanceo sheet and deceiving investors. Altcoins also tumbled and registered strong declines.
Bitcoin price struggled to stir above the USD 9,500 resistance and declined sharply. There wasgoed a acute downside budge ter BTC/USD, and the pair broke the USD 9,200 and USD 9,000 support levels. It even lodged below USD 9,000 and is presently down 6.2% to USD 8,765 (GMT 9:00).
The price is clearly trading with a negative sentiment and it may perhaps proceed to budge down towards USD 8,500. On the upside, the previous support levels at USD 9,000 and USD 9,200 are likely to act spil resistances if the price corrects higher.
Ethereum also declined sharply and tumbled below the USD 720 and USD 700 support levels. ETH/USD is presently down 8.9% to USD 695, with the next support at USD 680.
If the price fails to stay above the USD 680 support, the next zekering for sellers could be USD 650. On the upside, a decent close above USD 720 is vereiste to decrease the current bearish pressure.
Bitcoin Specie and Ripple
Bitcoin specie declined sharply by more than 15% and broke the USD 1,500 support. BCH/USD is presently trading near USD 1,400 and it could decline further ter the near term. The next support below USD 1,400 awaits at USD 1,360. On the upside, resistances are at USD 1,440 and 1,460, followed by USD 1,500.
Ripple also tumbled by toughly 16% and declined below the USD 0.75 and USD 0.70 support levels. XRP/USD has turned bearish brief term and it will most likely accelerate declines towards USD 0.65.
Other Altcoins Market Today
Today, Augur performed well since it wasgoed listed on Binance. REP price moved above the USD 50 and USD 60 resistance levels to trade near USD 65.
Overall, there wasgoed a switch ter the market sentiment after Upbit’s investigation news. If buyers proceed to lose control, there could be more declines ter bitcoin and altcoins during the coming sessions.